In 2023, the import of works of art, collectors' pieces, and antiques to Malaysia stood at 20 million US Dollars. The forecast data for the years 2024 through 2028 indicate a steady increase in imports, with values reaching 22.537 million US Dollars by 2028. This represents a consistent year-on-year increase, with an average Compound Annual Growth Rate (CAGR) of approximately 2.5% over the five-year period.
Trends to watch for include:
- Increasing global interest in Southeast Asian art and antiques, which may drive higher imports.
- Government policies favoring the art sector, potentially influencing import dynamics.
- The impact of digital platforms in expanding the market reach, boosting import activity.